Cathay Pacific Airways is moving toward a more comprehensive revamp of its network and fleet than previously disclosed, according to a memo sent to employees last week by CEO Tony Tyler, who warned that the airline likely won't "emerge unscathed" from the industry downturn.
Last month CX announced significant changes to its network designed to reduce fuel expenses and focus on demand. It cut 10 weekly flights to North America while adding eight to Australia and increasing capacity on 14 ...

Settling into his new role as the head of IATA, director general and CEO Alexandre de Juniac has made clear his frustration with government policies that fail to recognize the value of aviation....More

The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs, coupled with a sluggish global economy that lead IATA forecasters to believe next year’s industry net profit will be almost $6 billion lower than 2016’s expected profit....More